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Why Is The Shale Industry Still Not Profitable?

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Not only that, but costs are on the rise and drillers are pursuing “irrational production.”. shale companies, and found that “despite rising prices most firms under our study are still in losses with no signs of improvement.” But because there are a lot of other expenses, only focusing on operating costs can be a bit misleading.

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Univ of Washington team working to make poplar coppice viable cheap, high-volume biofuel feedstock

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Earlier studies show that poplar woodchips are a viable biofuel source, but costs still don’t pencil out, especially since trees are cut just once every 10-plus years. We have the environmental incentives to produce fuels and chemicals from renewable resources, but right now, they aren’t enough to compete with low oil prices.

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MIT/RAND Study Concludes Three Types of Alternative Jet Fuel May Be Available in Commercial Quantities Over the Next Decade

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The expected influx of large amounts of alcohol-based fuels and fuels derived from unconventional petroleum over the next decade may cause long-term world oil prices to be between 5 and 12% lower than they would be in the absence of those fuels. Adverse effects of ULS jet fuel would include higher fuel prices (by about $0.05

MIT 250
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Global Bioenergies reports first production of green isobutene at demo plant

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The demo plant will be ramped up in the first half of 2017, with the goal of reaching performances close to commercial levels by the end of the year. Global Bioenergies has also been selected by a consortium led by large Swedish industrialists, Preem and Sveaskog, to study the potential for converting forestry waste into renewable fuel.

Global 150
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NETL Report Concludes CTL Plus Carbon Capture Results in Fuel with 5-12% Less Lifecycle GHG Than Petroleum Diesel; Modest Biomass Additions Lower GHG Further

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Background colors of the cells represent the crude oil price required for economic feasibility. These synthetic fuels are economically competitive with petro-diesel when the crude oil price (COP) is at or above $86 per barrel (based on a 20% rate of return, in January 2008 dollars, with a carbon price of zero).

Carbon 186
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IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

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The WEO analysis includes three global scenarios and multiple case studies: The New Policies Scenario—the central scenario for this WEO—assumes recent government policy commitments will be implemented in a cautious manner, even if they are not yet backed up by firm measures. —WEO 2011. Click to enlarge. Electric vehicles.

Oil 247